Completion of the Drawdown Notice. The Drawdown Notice is irrevocable and will not be regarded as having been duly completed unless: a) the proposed Drawdown Date is a Business Day within the Availability Period; b) the currency and amount of the Loan comply with Clause 5.3 (Currency and amount); and c) the proposed Interest Period complies with Clause 9 (Interest Periods).
Appears in 2 contracts
Samples: Term Loan Facility Agreement (DHT Holdings, Inc.), Term Loan Facility Agreement (DHT Holdings, Inc.)
Completion of the Drawdown Notice. The Each Drawdown Notice is irrevocable and will not be regarded as having been duly completed unless:
a) the proposed Drawdown Date is a Business Day within the Availability Period;
b) the currency and amount of the Loan comply with Clause 5.3 (Currency and amount); and
c) the proposed Interest Period complies with Clause 9 10 (Interest Periods). Only one (1) Loan may be requested in each Drawdown Notice. Not more than five (5) Loans may be outstanding at the same time.
Appears in 2 contracts
Samples: Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc), Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
Completion of the Drawdown Notice. The A Drawdown Notice is irrevocable and will not be regarded as having been duly completed unless:
(a) the proposed Drawdown Date is a Business Day within the relevant Availability Period;
(b) the currency and amount specified is in compliance with the provisions of the Loan comply with Clause 5.3 (Currency and amount); and;
(c) the proposed Interest Period complies with Clause 9 11 (Interest Periods), and
(d) only one Loan is requested in the Drawdown Notice.
Appears in 1 contract
Completion of the Drawdown Notice. The Drawdown Notice is irrevocable and will not be regarded as having been duly completed unless:
a) the proposed Drawdown Date is a Business Day within the Availability Period;
b) the currency specified is USD and the amount of the proposed Loan comply with Clause 5.3 (Currency and amount)is an amount which is not more than the Total Commitments; and
c) the proposed Interest Period complies with Clause 9 (Interest Periods).
Appears in 1 contract
Samples: Term Loan Agreement (Helix Energy Solutions Group Inc)
Completion of the Drawdown Notice. The Drawdown Notice is irrevocable and will not be regarded as having been duly completed unless:
a) it is substantially in the form set out in Schedule 2 (Form of Drawdown Notice);
b) the proposed Drawdown Date is a Business Day within the Availability Period;
bc) the currency specified is USD and the amount of the proposed Loan comply with Clause 5.3 (Currency and amount)is an amount which is not more than the Commitments; and
cd) the proposed Interest Period complies with Clause 9 (Interest Periods).
Appears in 1 contract
Samples: Term Loan Facility Agreement (B Plus H Ocean Carriers LTD)
